The Goods and Services Tax or GST put into effect from the 1st of
July 2017, is one of the biggest tax reforms in India and is set to
revolutionize the way we do our taxes. GST will subsume more than a
dozen state and central levies into one tax, coalescing the tax
landscape of the highly diverse country of 1.28 billion people, into a
single and cohesive picture.

Moreover, GST will grant Indian businesses access to the entire
national market without having to invest heavily in a nation wide
warehousing and distribution network and in the process, further propel
the country’s economy.

With the many benefits that it brings, GST is also a matter of
concern for businesses as they define and streamline their processes to
comply with the new system of taxation. The law is expected to
especially affect the country’s burgeoning e-commerce market, as many
e-commerce vendors are likely to be caught unaware of the changes.